President Ilham Aliyev meets Goldman Sachs global affairs President Jared Cohen in Munich
President Ilham Aliyev met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc., in Munich on 14 February to discuss ongoing...
Canada has initiated a formal dispute complaint against the United States at the World Trade Organization (WTO) over its imposition of import duties on certain steel and aluminium products from Canada.
The trade body which revealed this on Thursday also said that the request was circulated to its members.
Under the dispute settlement understanding - a legal text which outlines various processes of settling trade disputes at the WTO, “the consultations allow parties involved to clarify the facts of the matter and claims of the claimant.
“It also serves to either lay the foundation for a settlement or for further proceedings”
Canada claims that the recent measures which terminate Canada’s exemption from additional duties on steel and aluminum products are inconsistent with US obligations under the General Agreement on Tariffs and Trade (GATT) 1994.
This comes a day after it imposed a 25% tit for tat tariff on US goods including steel, computers and sports equipment.
U.S. President Donald Trump, speaking to reporters in the Oval Office on Thursday, suggested he was not going to change his mind on tariffs.
"We've been ripped off for years and we're not going to be ripped off anymore. I'm not going to bend at all, aluminium or steel or cars," he said.
He also threatened the EU with a 200% tariff hike on wine exports if it doesn’t remove its tariff increase on American whiskey products in an escalation of ongoing tariff tit for tat.
The European Union is yet to react to President Trump’s latest tariff threat as the possibility of a global trade war continues to agitate financial markets and raise fears of economic recession.
Meanwhile G7 ministers meeting in Canada have called for a de-escalation of an impending trade war saying that “a trade war is not convenient for anyone”.
Europe heads into the Munich Security Conference, on Friday (13 February), amid deepening unease over U.S. policy, as President Donald Trump’s hard-line stance on defence, trade and territory fuels doubts about Washington’s long-term commitment to transatlantic security.
American figure skating star Ilia Malinin endured a dramatic collapse in the men’s free skate on Friday night, falling twice and tumbling out of medal contention at the Milan Cortina Winter Olympics as Kazakhstan’s Mikhail Shaidorov surged to a surprise gold medal.
“Respected and feared globally,” U.S. President Donald Trump told troops at Fort Bragg on Friday (13 February), framing America’s renewed strength against to mounting pressure on Iran amid stalled nuclear talks.
Dubai-based global ports operator DP World said on Friday that its long-serving chairman and chief executive, Sultan Ahmed Bin Sulayem, has stepped down following mounting pressure linked to alleged ties to disgraced financier Jeffrey Epstein.
Speaking at Munich Security Conference, Ukrainian foreign minister Andrii Sybiha calls for decisive steps ahead of expected Geneva talks
Ukrainian President Volodymyr Zelenskyy said on Saturday that Russia’s decision to change the leadership of its delegation for upcoming peace talks in Geneva appeared to be an attempt to delay progress.
U.S. Ambassador to NATO Matthew Whitaker said China has the power to bring an end to Russia’s war in Ukraine, arguing that Beijing is enabling Moscow’s military campaign.
Austria’s Janine Flock won the gold medal in the women’s skeleton event at the Milano-Cortina 2026 Winter Olympics on Saturday.
Former U.S. President Barack Obama has spoken out after a video depicting him and former first lady Michelle Obama as apes was briefly shared on President Donald Trump’s Truth Social account.
Israel’s Foreign Minister Gideon Saar will attend U.S. President Donald Trump’s first Board of Peace meeting of leaders in Washington on 19 February, an Israeli official said on Saturday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment